Canadian Tire (TSE:CTC) Reaches New 12-Month High – Still a Buy?

Canadian Tire Co., Limited (TSE:CTC) shares reached a new 52-week high on Tuesday . The company traded as high as C$255.00 and last traded at C$255.00, with a volume of 691 shares trading hands. The stock had previously closed at C$246.00.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CTC. BMO Capital Markets raised shares of Canadian Tire from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 20th. Scotiabank set a C$140.00 price objective on Canadian Tire and gave the company an “underperform” rating in a research note on Friday, February 7th.

Canadian Tire Trading Up 0.8%

The firm has a fifty day moving average of C$225.12 and a two-hundred day moving average of C$222.00. The company has a market cap of C$10.10 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 0.49 and a beta of 1.33. The company has a current ratio of 1.60, a quick ratio of 1.15 and a debt-to-equity ratio of 150.68.

About Canadian Tire

Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or ‘CTC’, is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions.